MAST30001 Stochastic Modelling
University of Melbourne · Level 3 · 12.5 points · Runs in 2026: Semester 2.
- Final exam 80%: exam-heavy
- About 4 class hours a week
Is MAST30001 hard?
MAST30001: About average. Makes it harder: Final exam 80%.
What you learn
Models for random things that change over time, like queues, networks, finance and genetics.
After it you can
- Use Poisson processes and Markov chains
- Build and simulate simple random models
- Analyse random processes in real-life examples
What you need first
(MAST10009 or MAST20026 or MAST20033) and (MAST20004 or MAST20006)
- MAST10009 Accelerated Mathematics 2
- MAST20026 Real Analysis
- MAST20033 Real Analysis: Advanced
- MAST20004 Probability
- MAST20006 Probability for Statistics
How it’s assessed
Assignments 20%, Final exam 80%
Student reviews and ratings
Summarised from 4 students on StudentVIP (2016–2019)
- Mostly about Markov chains, with real-life uses. Reviewers found the ideas easier to grasp than second-year probability.
- The questions are harder than the material looks, and one reviewer called the exam very hard. Make sure you can do every tutorial question, because many hide tricks.
- Tutorials were too full to finish the work in class, so finish the questions at home.
A summary of public reviews, not scored here.
Taken this subject? Rate it anonymously (difficulty, workload, marking, would you recommend it) and leave a tip for next year's students. Rate MAST30001
Quick answers
- When is MAST30001 offered?
- Runs in 2026: Semester 2.
- What do I need before taking MAST30001?
- Needs (MAST10009 or MAST20026 or MAST20033) and (MAST20004 or MAST20006).
- Does MAST30001 have a final exam?
- Yes, the final exam is 80% of the mark. Assessment: Assignments 20%, Final exam 80%.
- Is MAST30001 hard?
- From 4 student reviews on StudentVIP: Mostly about Markov chains, with real-life uses. Reviewers found the ideas easier to grasp than second-year probability.
- What do students say about MAST30001?
- Mostly about Markov chains, with real-life uses. Reviewers found the ideas easier to grasp than second-year probability. The questions are harder than the material looks, and one reviewer called the exam very hard. Make sure you can do every tutorial question, because many hide tricks. Tutorials were too full to finish the work in class, so finish the questions at home.
- How many class hours a week does MAST30001 have?
- 4 h a week in class
- Can I take MAST30001 as breadth?
- Yes, for: Bachelor of Arts, Bachelor of Commerce, Bachelor of Design, Bachelor of Fine Arts (Acting), Bachelor of Fine Arts (Animation), Bachelor of Fine Arts (Dance), Bachelor of Fine Arts (Film and Television), Bachelor of Fine Arts (Music Theatre), Bachelor of Fine Arts (Production), Bachelor of Fine Arts (Screenwriting), Bachelor of Fine Arts (Theatre), Bachelor of Fine Arts (Visual Art), Bachelor of Music.
- Can I rate MAST30001?
- Yes. If you've taken it, rate it anonymously on this page (difficulty, workload, marking, would you recommend it) and leave a tip for next year's students. Averages show once 3 students have rated it; tips are checked before they appear.
Source: University of Melbourne Handbook 2026
Always confirm in the official Handbook.
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